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36.5¢ articore group limited

Attaining a $10B+ valuation (RedBubble v Etsy), page-13

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T.E.P.

3,387 Posts.

4561

13/11/20

20:17

Post #: 48865329
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Originally posted by T.E.P.: ↑

I agree.

Let's look at a simple view of the array of options that are possible for the RBL share price:

Rows represent the FY21 marketplace revenue forecast ($M AUD)
Columns represent the revenue multiple (PSR)
Cells represent the corresponding RBL share price associated with that level of revenue and multiple

This leads us to a range of possible share price valuations, noting that there are 271.48M shares on issue. I.e. FY21 revenue estimate ($M) x Revenue Multiple / SOI (M) = Share Price ($)

A fair question to ask might be, what is the fairest revenue multiple for RBL?

Etsy trades on a TTM revenue multiple of ~13x
Kogan trades on a FY20 revenue multiple of ~4.2x
CAR trades on a FY20 revenue multiple of ~12x
SEEK trades on a FY20 revenue multiple of ~5.3x

I have highlighted in green the options that I think are most likely outcomes for RBL over the next 6-12 months.

I am buying at these levels - RBL is now the largest holding in my portfolio.

T.E.P.

Expand

Good to see RBL moving back up following the vaccine sell-off and rotation into travel/tourism etc. RBL remains in a bullish upwards channel from a T.A. perspective. Next update will be the quarterly results announced end of Jan for Q2-FY21 (Oct/Nov/Dec). Cheers,
RBL Price at posting: $4.40 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 36.5¢		Change -0.015(3.95%)		Mkt cap ! $104.7M

Open	High	Low	Value	Volume
37.5¢	37.5¢	36.5¢	$128.8K	346.3K

Buyers (Bids)

No.	Vol.	Price($)
3	26253	36.5¢

Sellers (Offers)

Price($)	Vol.	No.
37.0¢	11253	3

View Market Depth

No.	Vol.	Price($)
2	24753	0.365
8	35429	0.360
1	8450	0.355
4	37365	0.350
3	250000	0.340

Price($)	Vol.	No.
0.370	11253	3
0.385	15000	1
0.390	11865	1
0.395	28187	6
0.400	28886	3

Last trade - 15.44pm 18/10/2024 (20 minute delay)

ATG (ASX) Chart